ACC 317 Assignment 1 Partnership vs. Corporation
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Week 7 and worth 280 points
Assignment 1: Partnership vs. Corporation
Using internet websites such as https://www.irs.gov/ or other similar resources
related to partnerships and corporate taxation, complete the following assignment:
Write a four to five (4-5) page paper in which you:
Compare and contrast the tax rules and treatment applicable to corporations and
partnerships. Indicate the major way in which the tax treatment affects the
shareholders or partners.
Explain at least two (2) reasons why a business owner might opt to become a
partnership over a corporation. Provide support for your rationale.
Imagine that you are a partner in a LLC. Justify why you elected to become a
partnership as opposed to a corporation. Indicate tax rules that influenced your
Imagine that you are a consultant and make the recommendation that the most
advantageous business structure is a C-corporation. Justify why you would recommend
a Corporation over a Partnership. Indicate tax rules that influenced your decision.
Analyze what a business owner must consider when deciding what type of entity is
best for the goals and vision of the business. Provide at least two (2) examples of
research the owner must perform to ensure the proper election is made. Provide
support for your rationale.
Use at least three (3) quality academic resources in this assignment. Note:
Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins
on all sides; citations and references must follow APA or school-specific format.
Check with your professor for any additional instructions. Note: Please refer to the
APA template in the course shell for more...